How it Works
Tech layoffs 2025: The biggest job cuts in Silicon Valley and beyond
NCLT restrains Star India from stopping Essel-backed Siti Network's TV signals
Star-Siti wars continue, but the NCLT has granted interim relief to Siti.
Star had issued a disconnection notice to Siti on January 25 for non-payment of outstanding subscription dues, requiring the platform to make the payment within three weeks or face disconnection, as per reports. (Image source: Justdial)
Essel-backed Siti Networks was granted interim relief by the Mumbai bench of the National Company Law Tribunal (NCLT), restraining Star India from disconnecting signals to the TV distribution platform until further orders, states an ET report.
Star had issued a disconnection notice to Siti on January 25 for non-payment of outstanding subscription dues, requiring the platform to make the payment within three weeks or face disconnection, as per reports.
The bench has also directed both parties to resolve the disputed issues of incentives under the contract agreement waiting two weeks. In its January 25, order the NCLT bench noted that Siti is making monthly payments to Star and it is not a case where no payments are being made. Siti reported a monthly net payment of Rs 36.47 crore to Star between August and December 2023 while deducting Rs9.51 crore from the subscription payment as an incentive.
Siti Networks is a multi-system operator (MSO) promoted by the Essel Group and offers a variety of channels, including HD services, digital cable TV, and broadband services.
SPOTLIGHT
The leaders highlighted how AI is emerging as a critical enabler in this shift from marketing’s traditional focus on new customers to a more sustainable model of driving growth from existing accounts.
Read MoreExplained: What the Online Gaming Bill means for the industry, users and platforms
The Online Gaming Bill 2025 imposes severe penalties, allows warrantless search and seizure, and empowers a central authority to regulate the digital gaming ecosystem. It is expected to disrupt platforms, payment systems, and advertising in the sector. Here's all you need to know about the bill.